SNELS
ActiveSummary
SNELS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66k and a net result of €11k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-13
Solvency54▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.06 in 2023; short-term debt: 27% and cash: 25.4% of total assets), and 71.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28.9%
Return on assets
5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
28 d early
2022
24 d late
2021
45 d early
2020
24 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€66k▲ 21.1%
2023 · €54k
2018: €21klowest in 7 years
2019: €25k▲ +21.5% vs 2018
2020: €24k▼ -2.7% vs 2019
2021: €28k▲ +14.4% vs 2020
2022: €30k▲ +6.7% vs 2021
2023: €54k▲ +83.2% vs 2022
2024: €66k▲ +21.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€227k▲ 38.5%
2023 · €164k
2018: €60k
2019: €90k▲ +49.4% vs 2018
2020: €59k▼ -33.6% vs 2019lowest in 7 years
2021: €79k▲ +33.2% vs 2020
2022: €73k▼ -7.7% vs 2021
2023: €164k▲ +124% vs 2022
2024: €227k▲ +38.5% vs 2023highest in 7 years
2018 → 2024
Net result
€11k▼ 53.7%
2023 · €25k
2018: €-7klowest in 7 years
2019: €4k▲ +165% vs 2018
2020: €-685▼ -116% vs 2019
2021: €3k▲ +609% vs 2020
2022: €2k▼ -46.7% vs 2021
2023: €25k▲ +1224% vs 2022highest in 7 years
2024: €11k▼ -53.7% vs 2023
2018 → 2024
Working capital
€16k▲ 384%
2023 · €3k
2018: €25k
2019: €26k▲ +2.3% vs 2018highest in 7 years
2020: €22k▼ -15.3% vs 2019
2021: €21k▼ -3.0% vs 2020
2022: €24k▲ +15.6% vs 2021
2023: €3k▼ -86.2% vs 2022lowest in 7 years
2024: €16k▲ +384% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€24k-€28k▲ 14.4%€30k▲ 6.7%€54k▲ 83.2%€66k▲ 21.1%
2020: €24klowest in 5 years
2021: €28k▲ +14.4% vs 2020
2022: €30k▲ +6.7% vs 2021
2023: €54k▲ +83.2% vs 2022
2024: €66k▲ +21.1% vs 2023highest in 5 years
Operating result€2k-€9k▲ 278%€6k▼ 32.0%€39k▲ 564%€21k▼ 45.6%
2020: €2klowest in 5 years
2021: €9k▲ +278% vs 2020
2022: €6k▼ -32.0% vs 2021
2023: €39k▲ +564% vs 2022highest in 5 years
2024: €21k▼ -45.6% vs 2023
Net result€-685-€3k€2k▼ 46.7%€25k▲ 1,224%€11k▼ 53.7%
2020: €-685lowest in 5 years
2021: €3k▲ +609% vs 2020
2022: €2k▼ -46.7% vs 2021
2023: €25k▲ +1224% vs 2022highest in 5 years
2024: €11k▼ -53.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €227k
Fixed assets
€149k ▲ 38.0%
Current assets
€78k ▲ 39.4%
Equity and liabilities €227k
Equity
€66k ▲ 21.1%
Debt
€162k ▲ 47.1%
Debt's share of the balance-sheet total rises from 67.0% to 71.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▼
2023 · €56k
Cash flow
€26k▼
2023 · €42k
Current ratio
1.27▲
2023 · 1.06
Debt to equity
2.46▲
2023 · 2.03
ROE
17.4%▼
2023 · 45.4%
ROA
5.0%▼
2023 · 15.0%
Interest coverage
6.66▼
2023 · 14.27
Debt ≤ 1 year
€61k▲
2023 · €52k
Debt > 1 year
€100k▲
2023 · €57k
Income taxes
€4k▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€164k€227k▲
Fixed assets21/28€108k€149k▲
Tangible fixed assets22/27€108k€149k▲
Furniture and vehicles24€107k€148k▲
Other tangible fixed assets26€2k€1k▼
Current assets29/58€56k€78k▲
Amounts receivable within one year40/41€20k€18k▼
Trade receivables40€20k€11k▼
Other amounts receivable41€0€7k▲
Cash at bank and in hand54/58€35k€58k▲
Deferred charges and accrued income490/1€205€2k▲
Equity and liabilities
Total equity and liabilities10/49€164k€227k▲
Equity10/15€54k€66k▲
Contributions10/11€6k€6k=
Reserves13€48k€59k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€48k€59k▲
Amounts payable17/49€110k€162k▲
Amounts payable after more than one year17€57k€100k▲
Financial debts170/4€57k€100k▲
Amounts payable within one year42/48€52k€61k▲
Current portion of amounts payable after more than one year42€20k€28k▲
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48€22k€22k▼
Accrued charges and deferred income492/3€770€0▼
Income statement
Code20232024
Non-recurring operating income76A€29k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€11k€6k▼
Gross operating margin9900€69k€43k▼
Operating profit (loss)9901€39k€21k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€35k€16k▼
Income taxes67/77€10k€4k▼
Profit (loss) for the period9904€25k€11k▼
Profit (loss) for the period to be appropriated9905€25k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€11k▼
Transfer to equity691/2€25k€11k▼
To other reserves6921€25k€11k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €29k | €8k | ▼ 73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €906 | €5k | €5k | €17k | €15k | ▼ 15.9% |
| Other operating charges640/8 | - | €686 | €699 | €2k | €1k | ▼ 26.2% |
| Non-recurring operating charges66A | - | - | - | €11k | €6k | ▼ 47.3% |
| Gross operating margin9900 | €4k | €14k | €11k | €69k | €43k | ▼ 37.8% |
| Operating profit (loss)9901 | €2k | €9k | €6k | €39k | €21k | ▼ 45.6% |
| Financial income75/76B | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €219 | €0 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €3k | €3k | €4k | €5k | ▲ 36.4% |
| Recurring financial charges65 | €3k | €3k | €3k | €4k | €5k | ▲ 36.4% |
| Profit (loss) for the period before taxes9903 | €-81 | €5k | €3k | €35k | €16k | ▼ 54.8% |
| Income taxes67/77 | €604 | €2k | €1k | €10k | €4k | ▼ 57.7% |
| Profit (loss) for the period9904 | €-685 | €3k | €2k | €25k | €11k | ▼ 53.7% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €670 | €3k | €2k | €25k | €11k | ▼ 53.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59k | €79k | €73k | €164k | €227k | ▲ 38.5% |
| Fixed assets21/28 | €3k | €19k | €14k | €108k | €149k | ▲ 38.0% |
| Tangible fixed assets22/27 | €3k | €19k | €14k | €108k | €149k | ▲ 38.0% |
| Plant, machinery and equipment23 | - | €150 | €0 | - | - | - |
| Furniture and vehicles24 | - | €17k | €13k | €107k | €148k | ▲ 38.6% |
| Other tangible fixed assets26 | - | €2k | €2k | €2k | €1k | ▼ 3.7% |
| Current assets29/58 | €56k | €60k | €59k | €56k | €78k | ▲ 39.4% |
| Amounts receivable within one year40/41 | €17k | €34k | €12k | €20k | €18k | ▼ 9.4% |
| Trade receivables40 | - | €34k | €10k | €20k | €11k | ▼ 46.1% |
| Other amounts receivable41 | - | €8 | €2k | €0 | €7k | - |
| Cash at bank and in hand54/58 | €29k | €19k | €47k | €35k | €58k | ▲ 63.2% |
| Deferred charges and accrued income490/1 | - | €7k | €0 | €205 | €2k | ▲ 767% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59k | €79k | €73k | €164k | €227k | ▲ 38.5% |
| Equity10/15 | €24k | €28k | €30k | €54k | €66k | ▲ 21.1% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €18k | €22k | €23k | €48k | €59k | ▲ 23.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €20k | €22k | €48k | €59k | ▲ 23.8% |
| Amounts payable17/49 | €35k | €52k | €44k | €110k | €162k | ▲ 47.1% |
| Amounts payable after more than one year17 | €701 | €12k | €8k | €57k | €100k | ▲ 76.8% |
| Financial debts170/4 | - | €12k | €8k | €57k | €100k | ▲ 76.8% |
| Amounts payable within one year42/48 | €35k | €39k | €35k | €52k | €61k | ▲ 17.3% |
| Current portion of amounts payable after more than one year42 | - | €5k | €4k | €20k | €28k | ▲ 39.5% |
| Trade debts44 | €5k | €10k | €1k | €1k | €5k | ▲ 269% |
| Suppliers440/4 | - | €10k | €1k | €1k | €5k | ▲ 269% |
| Taxes, remuneration and social security45 | - | €4k | €8k | €9k | €7k | ▼ 24.4% |
| Taxes450/3 | - | €4k | €8k | €9k | €7k | ▼ 24.4% |
| Other amounts payable47/48 | - | €20k | €22k | €22k | €22k | ▼ 2.8% |
| Accrued charges and deferred income492/3 | - | - | €594 | €770 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-685 | €3k | €2k | €25k | €11k | ▼ 53.7% |
| + Depreciation and write-downs630 | €906 | €5k | €5k | €17k | €15k | ▼ 15.9% |
| Operating cash flow (approximation) | €221 | €8k | €7k | €42k | €26k | ▼ 38.0% |
| Investment in fixed assets (approximation) | - | €-21k | €0 | €-111k | €-56k | ▲ 49.9% |
| Change in cash | - | €-10k | €28k | €-12k | €22k | ▲ 291% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €25k ▲1,224%
Operating result €39k, net result €25k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lille · 1 establishment unit since 1999
Ground area
1,120 m²
Building footprint
121 m²
Volume, LiDAR
684 m³
Parcel 13019E0435/00A000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SNELS
since 19992.092.418.573
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13019E0435/00A000 | Flanders | 1,119 m² | 1 · 121 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,289 companies in sector 43350 we hold annual accounts for 2,362. 2,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.